Trading Edges That Last
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AUDUSD Sep 03 to Sep 07 Outlook
Lawrence’s Comment
The down channel was broken to the downside, resulting in a flush. Y-2 tagged and bounced off. Closed the week below Y-1 and B-0.
Outlook
3rd week printing lower low. There is just no signs of bottoming action yet.
For swing trade purpose, like to see a clean break of B+1 first for a potential longer term play.
For the week only, bottoming at B-1 or clearing B-0 from below, both points to a test of B+1 in play.
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